The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More

The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More

This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More

Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More

Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More

Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More

The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More

In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More

Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More

The social media name unveiled a new camera-first messaging app for Instagram usersFacebook, Inc. (NASDAQ:FB) stock is up 2.7% at $179.23, on news the social media giant is launching a camera-first messaging app for Instagram users called "Threads," that's reportedly similar to Snap's (SNAP) Snapchat. The upside move has FB bouncing from its 200-day moving average -- and options traders betting on...Read More

Cobalt developer Global Energy Metals (TSX-V: GEMC)has shed more light on the use of drones at its Nevada-based battery mineralexploration assets. Global Energy - which revealed plans to co-list inLondon earlier this year - has contracted MWH Geo-Surveys International (MWH) tofly Unmanned AeRead full newsRead More

The banking sector is in focus today with rate-hike expectations rising Bank stocks are in focus today, after the latest round of dismal economic data underscores the chances of another Fed rate cut at this month's meeting. This puts SPDR S&P Bank ETF (KBE) in the spotlight, with the regional bank exchange-traded fund (ETF) at last check seen down 0.4% at $41.45. In response to its recent strug...Read More

SunTrust Robinson expects major growth in cloud software spending It's been a wild day of trading on the U.S. stock market, with the major benchmarks last seen in the green. One sector in particular making a notable move today is cybersecurity, after SunTrust Robinson projected cloud software spending will accelerate at a faster-than-expected clip through 2025, and issued bull notes on several ind...Read More

AMTD stock is down 29% already in OctoberIt's been a bruising week for TD Ameritrade Holding Corp. (NASDAQ:AMTD) stock after Charles Schwab (SCHW) said it is eliminating U.S. stock, exchange-traded funds (ETF), and options commissions. That sent the shares tumbling nearly 26% on Tuesday, while AMTD fell another 3.3% on Wednesday, after the broker said it would drop online trading commissions to ze...Read More

Microsoft had its hardware event on WednesdayMicrosoft Corporation (NASDAQ:MSFT) fell sharply yesterday during the company's annual hardware event, at which it unveiled a number of new products, including a foldable smartphone. But the Dow component is trading up 0.8% at $135.75 today, bouncing from the 120-day moving average. This obscure trendline has actually proven to be an important level for...Read More

An excessive amount of optimism was priced into Archer Daniels Midland stockSubscribers to Schaeffer's Weekly Options Countdown just scored an easy profit on the Archer Daniels Midland Co (NYSE:ADM) weekly 10/4 42-strike put. Below, we'll explain why we expected a big downside move for ADM shares, and how the winning trade unfolded.At the time of our initial recommendation this past Sunday, Sept....Read More

RBC said the sector could be attractive to traders looking to play defenseDespite the ugly start to October for most stocks, one sector has stood out recently: real estate investment trusts (REITs). In fact, analysts at RBC recently outlined several reasons to like the sector, and named Annaly Capital Management (NYSE:NLY) as its top pick. Meanwhile, fellow REIT American Tower Corp (NYSE:AMT) stoc...Read More

The S&P and Nasdaq have turned higherIt's been a roller-coaster session on Wall Street, with the Dow Jones Industrial Average (DJI) treading water at midday. The blue-chip index was down over 300 points at its session lows, after the Institute for Supply Management (ISM) non-manufacturing index came in at a lower-than-expected 52.6 for September -- its lowest reading since August 2016. But the D...Read More

Baird sees a new record low ahead for the sharesDrugmaker Audentes Therapeutics Inc (NASDAQ:BOLD) is down 1.4% at $27.32 today, after Baird initiated coverage on the stock with an "underperform" rating. The analyst also slapped BOLD with a $10 price target, which is roughly a 64% discount to last night's close of $27.69, and would represent a new record low for the stock. Generally, analysts have...Read More

TSLA said it delivered 90,000 vehicles in the third quarterAs predicted by Cowen earlier this week, Tesla Inc (NASDAQ:TSLA) said it hit record production of 96,155 vehicles in the third quarter. However, the company also said it delivered 97,000 vehicles in the three-month period -- just below Wall Street's consensus estimate of 97,500 cars, and well below the company's target of 100,000 autos. As...Read More

GOOGL has added 15% since its early June lowsOnline powerhouse Alphabet Inc (NASDAQ:GOOGL) is inching its way higher this morning, fresh off a price-target hike out of Deutsche Bank. The firm raised to $1,600 from $1,475, citing a new layer of confidence toward the company's Google Cloud service. Analysts at Deutsche Bank also said they believe Google Cloud's worth of an estimated $225 billion is...Read More

Shorts may be using FEYE call options to hedgeLast night, Business Insider reported FireEye Inc (NASDAQ:FEYE) hired Goldman Sachs as an advisor for a potential sale. While the report indicated talks were in the early stages, that hasn't stopped FireEye stock from popping this morning, up 2.5% to trade at $14.16. Additionally, SunTrust Robinson weighed in, initiating coverage on the cybersecurity s...Read More

The major exchanges have seen a huge uptick in UTX put buyingUnited Technologies Corporation (NYSE:UTX) is trading up 0.9% in early action at $131.70, thanks to a note from Credit Suisse which started coverage on the stock with an "outperform" rating and $164 price target -- representing almost 26% upside to Wednesday's close. While the shares sport a solid year-to-date lead of 22.5%, they've been...Read More

The company cut its outlook for the second half of the year Camera concern GoPro Inc (NASDAQ:GPRO) is near the bottom of the Nasdaq today, after the firm slashed its earnings-per-share outlook for the second half of its fiscal year to between 33 cents and 39 cents, compared to its previous forecast between 37 to 49 cents. GoPro put the blame on shipment issues and production delays around its newl...Read More

Data from the services sector will be a main highlight todayThe selling in stocks is set to continue on Wall Street this morning, as the focus will remain on the health of the global economy. Futures on the Dow Jones Industrial Average (DJI) are trading below fair value following news the U.S. will impose tariffs on aircraft and agricultural products from the European Union (EU), beginning on Frid...Read More

Global Energy Metals (TSXV:GEMC) has announced itsattendance at the 2019 China Mining Summit, where it will work to emphasise itsposition as a future source of battery metals like cobalt, nickel, and copper. Thebusiness will be represented at the top mining summit, held in Tianjin, by itsChina-bRead full newsRead More

Power Metal Resources (LSE:POW) rose by more than 10pcon Tuesday afterrevealing that nickel sulphide targets have been confirmed at the MolopoFarms Complex (MFC) project in Botswana.A helicopter-borne electromagnetic survey (EM) overthe 2,725km2 asset's feeder zone delineated numerous targetRead full newsRead More

Vancouver-based Fortuna Silver Mines said Wednesday it had closed a US$40 million bought deal financing of 4.65% convertible debentures at $1,000 apiece. The unsecured loan certificates will mature on October 31, 2024.The debentures will be convertible into shares from October 31, 2022, onwards at a conversion price of $5.00 per share, representing a conversion rate of 200 shares per principal amo...Read More

David BeckerOct 01, 2019 7:11 PM GMTGold Price, Commodities InvestmentGold prices whipsawed, initially moving lower but rebounding sharply during the North American trading session following a weaker than expected ISM manufacturing report. The unexpected reading put downward pressure on US interest rates, which in turn weighed on the US dollar. This paved the way for higher gold prices. The dollar...Read More